Banks-Insurance
Leu Stabilizes At 4.42 Vs Euro; Central Bank Intervention Suspected
Romania’s leu has stabilized around 4.42 per euro in late trading Wednesday, with dealers suspecting sustained interventions from the central bank to prop the national currency.
Isarescu: Monetary Easing Cycle Halted Over Political Developments
Romanian central bank governor Mugur Isarescu Wednesday said the bank has halted its monetary policy easing as a reaction to a mix of domestic and international developments, including the r...
Capital Economics: A Mild Fiscal Slippage In Romania Not Too Worrisome
A moderate fiscal slippage in Romania following the government’s recent collapse is unlikely to create long-term difficulties, provided any new fiscal policies are credible and will not stra...
Volksbank Romania Head Johann Lurf Steps Down
Johann Lurf will step down as president of Volksbank Romania, after two years in the position, and the bank will have a replacement in June.
Enel Borrows EUR180M To Finance Wind Farms In Romania, US & Brazil
Enel Green Power International, a unit of Italy’s utility Enel, Wednesday said it has obtained a EUR180 credit line from Dutch Export Credit Agency to finance wind projects in Romania, the U...
BNR: Forex Reserves Slightly Down To EUR34.3B In April
Romanian foreign exchange reserves fell slightly to EUR34.33 billion in April from EUR34.6 billion a month earlier, central bank data showed Wednesday.
BNR Keeps Key Rate Unchanged At 5.25%
The Romanian central bank (BNR) Wednesday kept its key rate unchanged at a record low of 5.25% a year, as political uncertainty following the government’s fall last week ended a monetary eas...
Leu Continues Decline Vs Euro, Central Bank Decisions Eyed
The Romanian leu continued to fall to record lows versus the euro on Wednesday, after the local market was closed for a public holiday Tuesday and the local currency lost significant ground...
Ciorcila, Banca Transilvania: We Have Always Had The Decision In Our Hands, That’s Why We Grew
Paradoxically, for lender Banca Transilvania, the crisis has become the best opportunity for growth on the banking market, while the other entities have pulled back from the lending market d...